Kestra Investment Management LLC Cuts Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kestra Investment Management LLC lowered its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 57.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 534 shares of the company’s stock after selling 711 shares during the quarter. Kestra Investment Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Apollon Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 793.0% during the fourth quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock valued at $16,021,000 after purchasing an additional 67,604 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after purchasing an additional 74 shares during the last quarter. Creative Planning lifted its position in Invesco NASDAQ 100 ETF by 11.6% during the third quarter. Creative Planning now owns 20,672 shares of the company’s stock valued at $4,152,000 after purchasing an additional 2,149 shares during the last quarter. Assetmark Inc. lifted its position in Invesco NASDAQ 100 ETF by 60.8% during the third quarter. Assetmark Inc. now owns 751 shares of the company’s stock valued at $151,000 after purchasing an additional 284 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 26.4% during the third quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after purchasing an additional 9,469 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.4 %

QQQM stock opened at $221.18 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64. The company has a fifty day simple moving average of $215.51 and a two-hundred day simple moving average of $205.84. The firm has a market capitalization of $43.92 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.